Oh, but I was told London would lose all its business to Frankfurt, Paris and Amsterdam. Any day now…
Maybe it time for the EU to read the room and realise they are going to have to get really serious on forcing clearing away from London…or work on long term equivalence that the UK has been open to discussion with for a while.
Lol, I remember when the UK requested three years worth of extensions from the EU in the whole Brexit saga.
The EU can take however much time they wish.
But thinking it will never happen.. that’s a bit naive.
It’s interesting that the EU not giving the UK equivalence but giving the US equivalence on this, ultimately means Europe is harmed long term.
It also means the UK forges ahead with diverging from the EU, making itself more competitive in areas.
Ultimately, the EU is making it more expensive to do business in the EU, but that gives it more sovereignty. Which is kind of ironic.
Rome wasn’t built in one day either. As long as we move into the right direction, it pays to be patient.
Shameful, EU is more or less accepting being held hostage by a hostile foreign entity who is reneging on all agreements (most importantluy, the NI protocol) and has proven is not a realiable ally or partner. And it seems like the EU doesn’t even care. They keep postponing this because they’re not trying hard enough.
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And in 3 years time they’ll kick the can down the road again.
Brexit has been a disaster in a number of areas, we have seen that quite clearly at this point, our financial services though have been nothing but resilient so far. Years after the fact and Britain is still the largest net exporter of financial and professional services in the world, still trades more Euro’s than Europe and more dollars than America, still has the biggest international bond market and still occupies the same spot in the GFCI.
Whenever this topic comes up, there are always so many comments that reek of entitlement. Imagine expecting us to pep up your huge financial network full of tax havens forever. Having our financial centre outside of our sphere of influence we hardly have any control over is a big disadvantage and would limit our options during financial crises. I don’t see what kind of offer could offset this.
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Oh, but I was told London would lose all its business to Frankfurt, Paris and Amsterdam. Any day now…
Maybe it time for the EU to read the room and realise they are going to have to get really serious on forcing clearing away from London…or work on long term equivalence that the UK has been open to discussion with for a while.
Lol, I remember when the UK requested three years worth of extensions from the EU in the whole Brexit saga.
The EU can take however much time they wish.
But thinking it will never happen.. that’s a bit naive.
It’s interesting that the EU not giving the UK equivalence but giving the US equivalence on this, ultimately means Europe is harmed long term.
It also means the UK forges ahead with diverging from the EU, making itself more competitive in areas.
Ultimately, the EU is making it more expensive to do business in the EU, but that gives it more sovereignty. Which is kind of ironic.
Rome wasn’t built in one day either. As long as we move into the right direction, it pays to be patient.
Shameful, EU is more or less accepting being held hostage by a hostile foreign entity who is reneging on all agreements (most importantluy, the NI protocol) and has proven is not a realiable ally or partner. And it seems like the EU doesn’t even care. They keep postponing this because they’re not trying hard enough.
[deleted]
And in 3 years time they’ll kick the can down the road again.
Brexit has been a disaster in a number of areas, we have seen that quite clearly at this point, our financial services though have been nothing but resilient so far. Years after the fact and Britain is still the largest net exporter of financial and professional services in the world, still trades more Euro’s than Europe and more dollars than America, still has the biggest international bond market and still occupies the same spot in the GFCI.
Whenever this topic comes up, there are always so many comments that reek of entitlement. Imagine expecting us to pep up your huge financial network full of tax havens forever. Having our financial centre outside of our sphere of influence we hardly have any control over is a big disadvantage and would limit our options during financial crises. I don’t see what kind of offer could offset this.
Which is EU finical central